Bridge City Capital LLC Has $1.85 Million Stock Holdings in Cognex Corporation $CGNX

Bridge City Capital LLC lessened its holdings in Cognex Corporation (NASDAQ:CGNX) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,294 shares of the scientific and technical instruments company’s stock after selling 8,458 shares during the period. Bridge City Capital LLC’s holdings in Cognex were worth $1,846,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new position in Cognex in the fourth quarter worth about $285,000. Kestra Advisory Services LLC acquired a new position in Cognex in the fourth quarter worth about $99,000. FORA Capital LLC acquired a new position in Cognex in the fourth quarter worth about $447,000. Stifel Financial Corp raised its position in Cognex by 0.7% in the fourth quarter. Stifel Financial Corp now owns 133,148 shares of the scientific and technical instruments company’s stock worth $4,791,000 after purchasing an additional 972 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in Cognex in the fourth quarter worth about $1,097,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insider Transactions at Cognex

In other news, insider Mark Fennell sold 64,873 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $67.05, for a total transaction of $4,349,734.65. Following the sale, the insider directly owned 11,263 shares of the company’s stock, valued at $755,184.15. This represents a 85.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laura Ann Macdonald sold 41,600 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $65.56, for a total transaction of $2,727,296.00. Following the sale, the vice president directly owned 5,258 shares in the company, valued at $344,714.48. This trade represents a 88.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 224,847 shares of company stock valued at $14,975,098. Corporate insiders own 1.70% of the company’s stock.

Cognex Trading Up 2.4%

NASDAQ CGNX opened at $63.61 on Friday. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 75.73 and a beta of 1.52. The company has a 50 day moving average of $59.69 and a 200-day moving average of $49.35. Cognex Corporation has a 1-year low of $29.22 and a 1-year high of $71.90.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. The company had revenue of $268.44 million during the quarter, compared to analyst estimates of $245.98 million. Cognex had a net margin of 13.62% and a return on equity of 10.89%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. On average, analysts forecast that Cognex Corporation will post 1.41 earnings per share for the current year.

Cognex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.34 annualized dividend and a dividend yield of 0.5%. Cognex’s dividend payout ratio (DPR) is presently 40.48%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CGNX. Zacks Research lowered shares of Cognex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. raised shares of Cognex from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $75.00 in a research report on Tuesday, May 26th. Needham & Company LLC increased their price target on shares of Cognex from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. DA Davidson set a $62.00 price objective on shares of Cognex and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Citigroup reaffirmed a “neutral” rating and set a $68.00 price objective (up from $60.00) on shares of Cognex in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Cognex Profile

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.